Stablecoins

John Deaton, a prominent lawyer and advocate for XRP, warns that if the GENIUS Act — which has already passed the U.S. Senate — fails to secure final approval in the House of Representatives and the President's signature, it could mean regulatory collapse for the crypto sector.
According to Deaton, this bill is the last realistic opportunity for comprehensive crypto legislation before the upcoming elections. Should it stall now, other important initiatives — such as BitBonds, crypto tax reform, and consumer protection during bankruptcies — will likely remain blocked indefinitely.

Stablecoins: No Interest, No Competition
Deaton highlights a critical issue in the bill’s current form: stablecoin holders are prohibited from earning interest. This, he argues, prevents them from competing with traditional savings accounts — weakening innovation and possibly undermining financial system stability, which the bill claims to protect.

Tech Giants Under Fire, Banks Lobbying Hard
Deaton sees the bill facing pressure from two major fronts:

🔹 Tech giants like Meta want to issue their own stablecoins, but the bill would block this by requiring special licenses for non-financial public companies.

🔹 Banking lobbies push back against allowing stablecoins to pay interest, viewing them as a threat to the traditional financial system.

Trump’s Involvement and a Divided Congress
Another sticking point is Donald Trump’s ties to the crypto space. His family controls World Liberty Financial and the USD1 stablecoin, sparking concern among some Democrats — including Senator Elizabeth Warren and Representative Maxine Waters — that the bill might unintentionally benefit Trump’s business interests.
On the other hand, Senator Mark Warner publicly supports the legislation:
“With the stablecoin market nearing $250 billion, the U.S. cannot afford to sit on the sidelines. We need clear rules that protect consumers, defend national security, and encourage responsible innovation.”

Deaton: No Passage, No Progress
Deaton concludes that if the GENIUS Act fails to pass, crypto regulation in the U.S. will come to a standstill:
“This bill isn’t perfect. But it’s the best chance we have to move the American crypto industry forward — no matter your political party.”

#cryptoregulation , #Stablecoins , #CryptoNews , #DigitalAssets , #GENIUS
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Traditional finance is diving deeper into crypto than ever before. French mega-bank Société Générale, with over $40 billion in assets, is preparing to launch a new US dollar–backed stablecoin. The token will debut on the Ethereum blockchain, with plans to expand to Solana in the near future.

🧱 Step One: Ethereum. Step Two: Solana
The initiative is led by SG Forge, the bank’s crypto-focused division, which is responsible for accelerating digital transformation. The new USD stablecoin will be exclusively for institutional use — meaning banks, funds, and corporations, not retail users.
📍 No retail access in the initial rollout

📍 The goal: establish dominance in the EU’s dollar stablecoin market

🏛️ EU Crypto Regulations Attract Banks
The EU’s new MiCA (Markets in Crypto-Assets) framework is creating a more structured and legally secure environment for traditional institutions. This is opening the door for players like Société Générale to enter a market previously ruled by crypto-native firms like Tether, Circle, and Ripple.
This isn’t Société Générale’s first crypto move — the bank launched a euro-backed stablecoin in 2023.

🌍 Stablecoins Surge in Popularity – Mastercard, Meta, and Visa Join In
The global interest in stablecoins has surged to record highs, and major financial and tech players are scrambling to capture market share:
🔹 Mastercard launched a stablecoin-powered payment card with MoonPay

🔹 Meta is reportedly planning a return to crypto via a stablecoin strategy

🔹 Visa and Stripe continue to deepen their blockchain integrations

🔗 Ethereum and Solana: The New Homes for Institutional Tokens
Ethereum and Solana are becoming go-to platforms for stablecoins issued by institutions:
🔹 WLFI, a Trump-backed project, is launching a $1 stablecoin on Ethereum

🔹 USDC and USDT remain anchored across both Ethereum and Solana

🔹 Ripple, Circle, and Tether are enhancing compliance ahead of the upcoming GENIUS Act in the U.S.

📌 Summary: Stablecoins Are No Longer Just for Crypto Fans — Banks Want In Too
Société Générale’s move into USD stablecoins shows that the institutional world is taking digital assets seriously. With clearer regulations, expanding adoption, and maturing technology, it’s clear that the merger of traditional finance and crypto isn’t a question of “if” — but “how fast.”

#Stablecoins , #Ethereum , #solana , #DigitalAssets , #DigitalAssets

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Listen, friend, are you aware that the French banking giant Société Générale is preparing for a rather bold step in the world of cryptocurrencies? Their subsidiary SG Forge, which is already known for its experiments with blockchain, is going to launch the world's first dollar-denominated stablecoin issued by a bank, and even on the public Ethereum platform.
What does it mean? Imagine a large bank, not a fintech startup like Circle or Tether, but a real giant of the European banking system, launching a token pegged to the dollar, which will exist in an open blockchain. That is, anyone who meets regulatory requirements will be able to use it — not like JPMorgan's JPM Coin, which lives in a closed system and is accessible only to a select few, but a truly open and verifiable asset.
This is not the first experience for SG Forge. Last year, they released EURCV, a stablecoin pegged to the euro. But, as it turned out, the euro-stablecoin market is still a narrow niche: only 300 million euros in circulation, of which 40 million is their own token. Compare it with the dollar, where the total market is already approaching 250 billion dollars! Therefore, it is not surprising that the bank decided to enter the dollar market.
Interestingly, this step coincided with how the stablecoin market is moving into a new phase. Financial companies like Stripe, Visa, and MasterCard are increasingly introducing tokens into their payment processes, and lawmakers in the United States are beginning to develop clear regulatory frameworks. Everything suggests that stablecoins are becoming not just a fashion, but a part of the future financial infrastructure.
Now, with the launch of SG Forge's dollar stablecoin, a regulated European bank is entering the game, which is able to offer a more transparent and secure alternative to the same USDC and USDT. Especially in the context of growing institutional demand for tokenized dollar liquidity, for example, for settlements, trading or DeFi applications.
So, my friend, a logical question arises.:
If even the largest banks are starting to switch to stablecoins en masse, isn't it time for us to seriously think about how they will change our financial lives?
#Stablecoins #stablecoin #CryptoNewss #Ethereum

🚨 $XRP
Attorney Sounds the Alarm: Major Crypto Laws Could Be Delayed Until 2029 If Stablecoin Bill Fails
📢 John Deaton, a key figure in the ongoing XRP legal saga, is raising concerns about the future of crypto regulation. According to him, if the GENIUS Act, which focuses on stablecoin regulation, fails to pass in the U.S. Senate, the chances of seeing significant crypto legislation before 2029 are slim.
📜 Deaton describes the bill as non-controversial and in the national interest. However, he warns that its failure could stall crucial reforms related to market structure, taxation, and other important bills like the Lummis-Gillibrand framework.
⚖️ This is shaping up to be a pivotal moment for the direction of U.S. crypto policy.
#Crypt #X #Stablecoins #Xrp🔥🔥 #GENIUSAct

As Russia tightens its grip on digital assets, upcoming regulatory changes are raising red flags for stablecoins like Tether (USDT). The new rules, introduced by the Central Bank of Russia (CBR), aim to restrict foreign digital assets from entering the Russian market—especially those that could be frozen or censored by foreign issuers.
According to Russian authorities, foreign digital rights (FDRs)—tokens issued outside of Russia—must meet strict compliance standards to be legally traded in the country starting May 26.

New Crypto Rules Could Freeze Out Tether
The CBR has made it clear: FDRs must not be tied to securities from “unfriendly” nations and must not offer any pathway to cryptocurrencies currently banned in Russia. More importantly, the CBR emphasized that:
“Issuance terms must not imply any possibility of asset blocking by the issuer, payment agent, or controlling entity.”

That clause, experts say, directly targets Tether, the world’s most-used stablecoin.

Tether's Growing Role in Russia Draws Attention
Since 2022, the Russian digital asset market has ballooned to $10 billion in estimated value, fueled largely by cross-border use of USDT. According to Kristina Aleshina of the CBR, over 800 billion rubles ($9.9 billion) have already been raised via tokenized digital financial assets (DFAs) in Russia.
However, under the new rules, Tether’s ability to freeze user funds and enforce sanctions compliance may disqualify it from being recognized as a legal asset in Russia. This is particularly relevant after Tether froze 2.5 billion rubles worth of assets held in wallets on Garantex, a Russian crypto exchange sanctioned by the U.S. Treasury.

Analysts: Crackdown Will Push Users to Decentralized Alternatives
Legal experts warn that the CBR’s push to restrict FDR access to "qualified investors" is another step toward tightening crypto controls. But some argue the bank is powerless to fully stop peer-to-peer transactions or the use of decentralized stablecoins like DAI.
“If the pressure increases, users will simply migrate to decentralized options,” said Ignat Likhunov, founder of crypto law firm Cartesius.

Tether’s centralization remains a sticking point. Users must comply with KYC verification under U.S.-aligned sanction rules. Failure to verify can result in frozen funds, and Tether Limited can block tokens at its own discretion, Likhunov added.

Russia Eyes Its Own Stablecoin Amid Global Tensions
Russia’s dependency on Tether for over 80% of cross-border payments puts the country in a bind. While the government wants tighter control, the market still relies heavily on USDT. Some officials are now considering a Russian-issued stablecoin, pegged to an alternative fiat currency, to reduce reliance on Western financial infrastructure.
With sanctions tightening and digital finance evolving, the clash between state regulation and decentralized assets is becoming a key battlefield for Russia’s crypto future.

#Stablecoins , #Tether , #cryptoregulation , #CBDC , #CryptoCommunity
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

$XRP XRP Supporter Sounds the Alarm: Crypto Future Uncertain Without Stablecoin Legislation

Prominent $XRP advocate John E. Deaton has delivered a serious warning: if the U.S. Senate doesn’t approve the GENIUS Act — a bill designed to regulate stablecoins — significant crypto legislation might be delayed until 2029.

Deaton, a central figure in the XRP legal saga, emphasized that the bill is straightforward and in the public’s best interest. He argues that if Congress can’t agree on such a fundamental measure, more advanced proposals like crypto tax reforms or the Lummis-Gillibrand bill likely won’t survive.

The GENIUS Act, introduced by Senator Bill Hagerty, is meant to establish clear guidelines for stablecoin providers and enforce robust reserve standards to protect users. Hagerty asserts this will encourage innovation tied to the U.S. dollar and bring long-awaited clarity to American crypto laws.

Though the bill faces challenges, Senator Kirsten Gillibrand believes it could be passed within the week. Momentum is building, with major industry voices like Coinbase’s policy head Faryar Shirzad calling it a top national concern.

Still, opposition remains. Senator Elizabeth Warren has expressed concerns over financial risks. Deaton also highlighted a controversial clause that restricts interest on stablecoin holdings — a measure likely to face resistance from traditional banking institutions.

A Senate decision is expected soon. If the vote fails, pivotal crypto advancements — such as BitBonds and taxation updates — could be postponed for several years.

#XRP #CryptoUpdate #GENIUSAct #Stablecoins #CryptoRegulation $XRP